PURE HOSPITALITY SOL (OTCMKTS:PNOW) reported that the company is approaching close to the completion of its first quarter report filings with the OTC marketplace. It is anticipated that the entire process will be concluded over next five business days. The company’s accountants are working vigorously to wrap up the first quarter financial reports.

The expert comments

Melvin Pereira, the President and Chief Executive of PURE HOSPITALITY said that as the management initially disclosed, aside from the first quarter filing, they do not expect being late or postpone any future filings with the SEC. As with the fiscal end, the first quarter filing was temporarily postponed due to the implementation of company’s multi-million dollar divestiture plan. It was a significant program that helped to reduce debt amounting to $1 million.

The plans

Mr. Pereira further added that as PURE HOSPITALITY approaches close to completion of first quarter report filings with SEC, and the programming team assertively ramps up the coding incorporation of Oveedia, the company is placed well in the industry. The company has a blossoming alliance with Sabre and has been contacted by numerous properties and tour firms interested in listing on company’s extensive platform. As company is about to release the first quarter report, the management anxiously await the initial stage of Oveedia’s launch. The company unquestionably expects rapid growth across the Central American-Caribbean region.”

The profile

PURE HOSPITALITY offers branding services, proprietary technology and marketing solutions to condominium owners and hotel operators. The Company intends to build competitive operations in the segment of online marketing as well as hotel internet booking engine applications. It wants to own, manage and in some instances establish boutique hotels under the “by PURE” brand. It also wants to expand its services in segment of hotel branding.

In last trading session, the stock price of PURE HOSPITALITY surged more than 21% to close the trading session at $0.00340.